ICICI Lombard GIC is the first private sector General Insurance Company to be given mandate by the Government of Haryana for weather based crop insurance for farmers in Haryana.
First private sector general insurance company to be given mandate for pilot project for weather based crop insurance of wheat for farmers in Haryana Covers risk of high temperature and excess rainfall which can affect the produce of wheat cultivators At a premium amount of as low as Rs. 248 per acre, the farmer gets coverage upto Rs. 15,000 per acre. Claims settlement process is transparent and quick, as claims are automatically calculated based on the certified data received from independent third party bodies such as IMD and NCMSL
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